Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $59.6111.

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Friday, January 2nd. Bank of America raised their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Barclays upped their price target on Academy Sports and Outdoors from $51.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. Finally, Truist Financial boosted their target price on Academy Sports and Outdoors from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th.

Academy Sports and Outdoors Trading Up 0.1%

NASDAQ ASO opened at $56.93 on Friday. The stock has a 50-day moving average of $49.48 and a 200-day moving average of $50.28. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $59.49. The firm has a market cap of $3.80 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, sell-side analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, December 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 9.51%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.01, for a total transaction of $192,535.00. Following the transaction, the director owned 39,107 shares in the company, valued at approximately $2,151,276.07. This represents a 8.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.62% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

Hedge funds have recently modified their holdings of the business. Huntington National Bank increased its stake in shares of Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after acquiring an additional 470 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after purchasing an additional 252 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after purchasing an additional 602 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Academy Sports and Outdoors during the third quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.